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Industrial Automation to Pave Way for Collaborative Robots Market Size (SARS-CoV-2, Covid-19 Analysis)

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Industrial Automation to Pave Way for Collaborative Robots Market Size (SARS-CoV-2, Covid-19 Analysis)

Collaborative Robots Market Size

The sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Collaborative Robots Market Size. The growth sectors of the Collaborative Robots Market Size are identified with precision for a better growth perspective.

Industrial automation has become a necessity in the midst of high consumerization. Companies and organizations globally have readily integrated automation into their processes to cater to consumer demand. Collaborative robots or cobots are robots designed to work in tandem with humans to expedite the production rate. Their assistance in executing menial tasks and reducing worksite injuries can be considered one of the main reasons for their adoption. The global collaborative robots market report by Market Research Future (MRFR) outlines the latest trends in the industry.

Market Scope

The global collaborative robots market size can touch USD 3,538.46 million by 2023 by exhibiting 54.22% CAGR over the forecast period (2018-2023). The need to lower labor costs is one of the main drivers of the market. Advances in technologies such as machine learning, artificial intelligence, and robotics can bolster market growth substantially.

The healthcare sector is one of the biggest proponents of cobots with their application in surgeries and executing laborious tasks under human supervision. The growth in the healthcare industry coupled with rise in number of surgeries can boost the collaborative robots market growth. High need for precision in the automotive sector can trigger new demand in the market.

Development in cobot behavior due to its proximity with humans is expected to be the next biggest trend in the market. Manufacturers can embed various sensors to stop its functions in near proximity of humans to prevent injury or reduce its speed on the production floor contrary to its programming.

Segmentation

The collaborative robots market is segmented by visor type and application.

By payload, the market is segmented into up to 5kg, 5kg to 10 kg, and above 10 kg. By type, the market is segmented into safety monitored stop, speed & separation, power & force limiting, and hand guiding.

By component, the market is segmented into controllers, drives, sensors, end effectors, and others. By application, the market is segmented into pick and place, handling, packaging and palettization, assembling, quality testing, machine testing, welding and gluing and others.

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About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Reports (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research and Consulting Services.
Contact:
Market Research Future
+1 646 845 9312
Email: [email protected]

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